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13h ago

Nextdoor Jumps Over 30% After Eric Jackson Discloses Long, AI Bull Case

His post highlighted thin liquidity, framing the app as an agentic‑AI platform despite persistent losses.

FILE – A Nextdoor sign is shown in a window at an office in San Francisco, May 11, 2016. Nextdoor is laying off 25% of its full-time staff as the neighborhood-focused social network company works to cut costs. The job eliminations are part of a larger cost reduction plan that aims to slash Nextdoor’s current personnel expenses by up to $60 million annually, according to a third-quarter financial report from the company. (AP Photo/Jeff Chiu, File)
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Overview

  • Shares rose more than 30% in premarket trading Wednesday after Eric Jackson revealed a long position and outlined a bullish thesis on X.
  • The rally reached nearly 49% at its early peak, the biggest single‑day surge in more than four years, according to Bloomberg reporting.
  • Jackson, who runs EMJ Capital and was credited with fueling Opendoor’s run this year, argued Nextdoor is undervalued under an agentic‑AI lens.
  • He cited features such as the Faves recommendation agent and what he describes as a verified identity graph spanning over 100 million households.
  • He emphasized thin trading—about 2 million shares a day on a roughly 224 million float—against a business that is ad‑driven and unprofitable since its 2021 IPO.